Democracy is a highly contest term and is constantly redefined by modern contexts. However, the success of a democracy always relied on its ability to ensure political equality and liberty. Yet the struggles in modern democracies such as US and UK highlight the difficulties in achieving these goals. Ronald Reagan (1982) once proposed that to foster the infrastructure of a...
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Greece currently stands as the 51st largest economy in the world and are well known for their rocky economic history. Since joining the European Union (EU) in 1981, Greece had a steadily rising GDP, reaching its peak in 2008 at 354.5 billion USD (World Bank, 2019). However, in 2009 the country’s economy took a turn for the worst; declaring that...
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Globalization is the higher integration, cooperation, togetherness of various nations in numerous fields like defense, trade, business, politics etc. It is the strong interconnection between nations all over the world. Globalization also works in other various essential elements like competitively priced, social and environmental etc. If we speak about economic globalization, it deals with the increasing drift of products and...
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Coronavirus disease 2019 (COVID-19) is an infectious disease caused by severe acute respiratory syndrome (SARS-CoV-2). It was first identified in December 2019 in Wuhan, China, and has since spread globally, resulting in an ongoing pandemic. As of 25th may 2020 around 5.4 million people are infected around 2.17 million people have recovered and the disease had caused around 3,45,000 deaths....
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Economic growth should be a positive force for the whole planet. This is why we must make sure that financial progress creates decent and fulfilling jobs while not harming the environment. We must protect labor rights and once and for all put a stop to modern slavery and child labor. If we promote job creation with expanded access to banking...
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Over the past generations, there has always been three classes of wealth: the upper class, middle class, and the lower class. And not to mention, high Income earners likely are substantially educated, have high-status occupations, and maintain powerful social networks. The upper class, however, only makes up to 3% of the population of the United States, with 2% earning millions...
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Automation is a process through which technology and applications are used to carry out the work efficiently and reliably instead of being carried out by humans manually ('What is Automation?', ISA, 2020). Automation helps to efficiently carry out repetitive task which otherwise needed to be done by human manually and by doing so automation helps to save time and cuts...
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Colombia has been a country of turmoil and unrest for most of its existence. Due to the fact that there are so many regions and each region being in control of itself and not having much to do with the other region, the unrest has been difficult to manage. From a business standpoint, there has not been much going on...
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Adam Smith believed that, “Government should limit its activities to administer justice, enforcing private property rights, and defending the nation against aggression” (Mark Skousen, 2016). Smith advocated for free markets and believed that government intervention was not necessary to control the economy as the forces of market competition would allow the economy to function in the most efficient way; this...
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The issue of liquidity is going to be my main focus point when looking at the 2008 financial crisis and it will constantly crop up. Liquidity refers to the ease with which an asset, or security can be turned into cash without affecting its market price. In the period leading up to the Great Recession there was a massive increase...
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Before the havoc wreaked the markets in the United States and across the globe in 2007, the world’s economy was booming and expanding, growth rates of output significantly increased. Surprisingly, this expansion started to stop when the housing prices which has seen an increase over the years began to fall. Some economists were of the view that the fall in...
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Abstract Today’s rapidly changing world is able to totally restructure the workforce, and employers face severe challenges in workforce management. Diversity management has been a key issue among employers in reaching sustainable growth, employee satisfaction, and retention, talent acquisition. The importance of diversity management can be linked to long-term organizational strategies that will enhance positive corporate reputation and development. However,...
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Capitalism is described as an economic and political system in which a country’s a trade and industry are controlled by private owners for profit, rather than by the state. This form of government was dominant in the west and took off after the fall of feudalism, which was wiped out by the French Revolution and the Napoleonic Wars. Capitalism, sometimes...
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Concept of Compensation Compensation is one way of managing to improve job performance, motivate and improve employee performance. Compensation is important for employees as individuals because the amount of compensation between the employees themselves, their families, and society reflects the size of their work. Compensation is also often referred to as an incentive and can be defined as any form...
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Happiness is something essential in our everyday lives. It is a part of the building blocks of living a good life. I find joy in wrestling, family, friends, my phone, and fun activities. I find happiness and joy in these because I am usually spending time with the ones I love and care about. Other people can find happiness in...
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International Political Economy The international political economy is the convergence of political and economic powers to produce a particular set of forces and dynamics in the world. The contemporary global system can be explained through three theoretical paradigms of Liberalism, Mercantilism, and Marxism. They are essential in understanding the characteristics of the economic system and the challenges it faces. This...
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Part 01- Literature review In this section, at first, we give the definition of bad news and its impact on the employment relationship. Secondly, we describe the process of delivering bad news. Finally, we analyze the delivery of bad news. The delivery of bad news is very difficult in organisation. The people who deliver the bad news may be threatened...
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Introduction Inequalities are experienced by everyone, which could be in material and immaterial forms. Social exclusion and economic disadvantage could be some forms of inequalities. In this essay, employment inequalities experienced by Australian indigenous people will be examined. In the past, Australia's indigenous people are recognized as 'human' by the white settlers. They were not protected by human rights and...
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Unemployment Rate: the unemployment rate is defined as the percentage of individuals that are not willing or are not able to participate in paid work for a variety of reasons. This is calculated using a method where the number of unemployed individuals is divided by the number of people in the labor force. This percentage is used to compare the...
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The phrase income inequality is commonly used in modern-day English around the world; however, do people really know the true meaning of this phrase? Income inequality is something that can harm many upcoming generations and can set standards for different ethnicities within America. Income inequality has many different properties that cause the problem it does. One of the leading factors...
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Proposal Essay By definition, the minimum wage is the lowest wage permitted by law or by a special agreement. It was initially introduced with the purpose of stabilizing the post-depression economy and protecting workers in the labor force. In this day and age, the minimum wage is designed to create a minimum standard of living to protect the health and...
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Introduction 'Chi cheng!' the sound of money passed over my ears again. Do you love this kind of sound? Yes, there is someone purchasing something but there is none of my business again. Everyone said, money is not everything, but you can't do anything without money. Even though there are some people who feel that there is still something that...
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The price of zinc has soared over the course of the last few years, and with that the price to produce the penny has gone up. The U.S. Mint reports that it costs nearly 1.6 cents to product one single cent (Grenoble, 2013). A cent that, most of the time, goes unused. There has been a growing debate on whether...
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The penny should be abolished, and no longer be accepted as currency, because it costs more to produce the penny than what it is actually worth, and its value is too low. The value of the penny is too small to be useful. When people start leaving a unit of cash at the register for the next person, the cash...
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According to an old superstition, it’s good luck to find a penny on the sidewalk. But whether or not you believe picking up that penny will bring you luck, one thing it definitely won’t bring you is wealth. Pennies are worth so little now that by taking five seconds to pick one up isn’t even worth it. Pennies are so...
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The preface of the SBP Act, 1956 envisages these goals as 'while it is important to accommodate the constitution of a State Bank to manage the monetary and credit arrangement of Pakistan and to encourage its development in the best public premium with the end goal of getting monetary strength and more full usage of the country's useful assets.' SBP...
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Populism is a term used to describe political movements or parties that have anti-establishment leanings and run on a quasi-tribalistic platform that presents a binary worldview of the âthe good and morally pure people [against] the corrupt, self-serving elite (Brett, 2013) and populism exists in both right- and left-wing politics. Despite this, I will primarily focus on right-wing populism. The...
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The theoretical discourse underpinning the relationship between democracy and the developmental performance of markets and states, especially in the developing countries, has been at stake for millennia and still has not reached a definite consensus about whether this particular type of non-market institutions actually causally results in economic growth. However, the comprehensive existing literature on this highly salient topic draws...
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Fiscal policy has had to adapt to the unique implications of the coronavirus. Spending is currently at an all time high of 16.3% of GDP to support crippled industries and a population without income. Policymakers are approaching a crucial moment where they need to avoid austerity while managing national debt; development of contemporary ideas will be key. Monetary policy has...
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Summary In this chapter, the authors examine the impact of industrial activities on the environment. In the beginning, they discuss how the American landscape was transformed by sawmills, ironworks, or foundries (Steiner & Steiner, 2012, p. 436). Furthermore, they discuss various threats that arise from the activities of many companies. For instance, one can speak about the dangers related to...
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